TMX Group Limited (TSE:X) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on TMX Group, with six buy ratings, one strong-buy rating and two hold ratings. The average 12-month price target is C$65.28, above the stock’s reported C$54.36 price.
• TMX Group reported quarterly EPS of C$0.62 on revenue of C$487.5 million, with a 32.55% net margin. The stock has a market capitalization of approximately C$14.97 billion and trades at a P/E ratio of 25.05.
• The company raised its quarterly dividend from C$0.24 to C$0.26 per share, equivalent to C$1.04 annually and a 1.9% yield. Insiders, however, sold 41,735 shares worth about C$2.27 million over the prior 90 days.

Shares of TMX Group Limited (TSE:X - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$65.28.

X has been the subject of several research reports. Royal Bank Of Canada raised their target price on TMX Group from C$69.00 to C$71.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. Barclays upped their price target on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. National Bank Financial raised shares of TMX Group from a "hold" rating to an "outperform" rating and lowered their price objective for the stock from C$65.00 to C$63.00 in a research note on Monday, July 27th. Canaccord Genuity Group upped their price target on TMX Group from C$63.00 to C$64.00 and gave the company a "buy" rating in a report on Monday, June 15th. Finally, Raymond James Financial cut their price objective on TMX Group from C$65.25 to C$64.50 and set a "strong-buy" rating for the company in a research report on Friday, July 31st.

TMX Group Stock Performance

X stock opened at C$54.36 on Tuesday. The company has a market capitalization of C$14.97 billion, a P/E ratio of 25.05, a PEG ratio of 12.65 and a beta of -0.14. The company has a 50-day simple moving average of C$52.57 and a 200 day simple moving average of C$51.21. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$57.27. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. The firm had revenue of C$487.50 million for the quarter. Sell-side analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. This is an increase from TMX Group's previous quarterly dividend of $0.24. TMX Group's dividend payout ratio (DPR) is 42.40%.

Insider Buying and Selling

In other TMX Group news, insider Cheryl Graden sold 8,885 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$54.41, for a total value of C$483,432.85. Following the completion of the transaction, the insider directly owned 32,845 shares in the company, valued at C$1,787,096.45. This trade represents a 21.29% decrease in their ownership of the stock. Insiders have sold 41,735 shares of company stock worth $2,268,124 over the last ninety days. 1.15% of the stock is currently owned by corporate insiders.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

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